Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +28.9%
S&P 500 total return (same window) +37.0%
Excess return -8.1%

Annualized: +22.5% · S&P 500: +28.7%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 98.6% · Options excluded: 0.0%

Sector breakdown

04
Technology 21.2%
Financials 18.1%
Healthcare 14.2%
Energy 10.0%
Industrials 9.7%
Real Estate 5.1%
Utilities 5.0%
Consumer Staples 4.4%
Communication Services 4.2%
Retail 3.6%
Consumer Discretionary 2.4%
Consumer products 0.9%
Materials 0.1%
Other/Unmapped 1.1%

Full portfolio 138 positions

05
Type Streak 8Q trend
DELL Dell Technologies Inc. Class C Common Stock $79,676,424 5.48% 184,667 $47,066,747 Down ×1
AVGO Broadcom Inc. - Common Stock $69,238,654 4.76% 183,292 $11,920,724 Down ×6
STT State Street Corporation Common Stock $49,287,795 3.39% 290,612 $12,213,435 Down ×1
ABBV AbbVie Inc. Common Stock $45,036,514 3.10% 178,972 $6,453,571 Up ×4
RTX RTX Corporation Common Stock $40,648,744 2.80% 214,245 $-381,899 Up ×1
JPM JP Morgan Chase & Co. Common Stock $40,599,729 2.79% 124,033 $3,786,482 Down ×1
AMGN Amgen Inc. - Common Stock $37,768,754 2.60% 104,299 $1,375,501 Up ×6
MSFT Microsoft Corporation - Common Stock $35,693,289 2.46% 95,687 $640,304 Up ×3
AAPL Apple Inc. - Common Stock $35,525,687 2.44% 122,773 $4,148,842 Down ×3
GILD Gilead Sciences, Inc. - Common Stock $34,446,906 2.37% 272,652 $-3,515,203 Up ×3
PFE Pfizer, Inc. Common Stock $32,231,875 2.22% 1,338,533 $-5,001,710 Up ×4
ENB Enbridge Inc Common Stock $31,179,261 2.14% 575,157 $-194,166 Down ×1
PEP PepsiCo, Inc. - Common Stock $29,744,401 2.05% 219,678 $-3,963,933 Up ×6
JNJ Johnson & Johnson Common Stock $29,206,558 2.01% 115,000 $1,062,076 Down ×2
VICI VICI Properties Inc. Common Stock $28,930,951 1.99% 1,089,678 $-464,385 Up ×6
CVX Chevron Corporation Common Stock $28,225,261 1.94% 170,278 $-7,357,630 Down ×2
OKE ONEOK, Inc. Common Stock $27,990,072 1.93% 321,947 $-959,856 Up ×3
CINF Cincinnati Financial Corporation - Common Stock $27,699,721 1.91% 149,615 $11,047,370 Up ×4
AUB Atlantic Union Bankshares Corporation Common Stock $26,592,977 1.83% 628,527 $4,301,331 Up ×4
NEE NextEra Energy, Inc. Common Stock $25,642,620 1.76% 292,157 $-1,533,604 Down ×1
WEC WEC Energy Group, Inc. Common Stock $25,628,913 1.76% 219,482 $9,615,144 Up ×6
CMI Cummins Inc. Common Stock $24,510,175 1.69% 34,366 $5,713,908 Down ×3
TGT Target Corporation Common Stock $24,456,592 1.68% 187,249 $1,937,268 Up ×6
TXN Texas Instruments Incorporated - Common Stock $23,996,996 1.65% 80,508 $700,988 Down ×1
ACN Accenture plc Class A Ordinary Shares (Ireland) $23,713,660 1.63% 190,563 $-11,222,857 Up ×4
MO Altria Group, Inc. $23,274,400 1.60% 323,480 $1,901,810 Down ×1
VZ Verizon Communications Inc. Common Stock $23,246,565 1.60% 549,045 $-4,216,040 Up ×4
PLD Prologis, Inc. Common Stock $23,147,082 1.59% 170,865 $486,672 Down ×1
MET MetLife, Inc. Common Stock $22,654,666 1.56% 267,754 $3,791,874 Up ×4
NNN NNN REIT, Inc. Common Stock $22,048,008 1.52% 473,845 $2,227,879 Up ×4
CSCO Cisco Systems, Inc. - Common Stock $22,036,585 1.52% 187,609 $-14,359 Down ×1
FNF Fidelity National Financial, Inc. Common Stock $21,722,651 1.49% 460,616 $876,279 Up ×4
CNQ Canadian Natural Resources Limited Common Stock $21,577,349 1.48% 546,262 $-5,218,059 Down ×1
CNI Canadian National Railway Company Common Stock $20,784,009 1.43% 174,304 $2,991,028 Up ×4
UPS United Parcel Service, Inc. Common Stock $19,997,365 1.38% 186,022 $1,790,867 Up ×2
IBM International Business Machines Corporation Common Stock $19,530,387 1.34% 69,451 $3,191,785 Up ×3
PRU Prudential Financial, Inc. Common Stock $19,462,416 1.34% 180,324 $-1,367,083 Down ×1
PSX Phillips 66 Common Stock $18,938,841 1.30% 112,031 $-1,569,890 Down ×1
MDT Medtronic plc. Ordinary Shares $17,969,979 1.24% 229,707 $-963,913 Up ×4
BIPC Brookfield Infrastructure Corporation Brookfield Infrastructure Corporation $17,460,520 1.20% 453,520 $6,077,732 Up ×1
LMT Lockheed Martin Corporation Common Stock $17,411,237 1.20% 34,176 $-3,243,107 Up ×1
HD Home Depot, Inc. (The) Common Stock $17,108,496 1.18% 48,510 $8,364,308 Up ×4
SBUX Starbucks Corporation - Common Stock $17,030,798 1.17% 166,658 $2,209,283 Up ×6
OWL Blue Owl Capital Inc. Class A Common Stock $16,006,935 1.10% 1,829,364 $-713,026 Down ×1
GPC Genuine Parts Company Common Stock $15,655,052 1.08% 132,692 $2,059,788 Up ×6
XOM Exxon Mobil Corporation Common Stock $14,321,138 0.99% 104,748 $-3,962,231 Down ×2
QCOM QUALCOMM Incorporated - Common Stock $14,177,828 0.98% 76,724 $4,363,247 Up ×6
CMCSA Comcast Corporation - Class A Common Stock $14,048,481 0.97% 572,240 $-1,091,208 Up ×6
PG Procter & Gamble Company (The) Common Stock $12,124,840 0.83% 82,684 $267,558 Up ×1
AMP Ameriprise Financial, Inc. Common Stock $11,477,716 0.79% 25,019 $373,938 Up ×4
GLW Corning Incorporated Common Stock $9,492,801 0.65% 37,164 $4,272,777 Down ×6
AJG Arthur J. Gallagher & Co. Common Stock $8,823,130 0.61% 38,433 $447,269 Down ×4
VYM Vanguard High Dividend Yield ETF $8,602,703 0.59% 54,437 $400,460 Down ×1
LOW Lowe's Companies, Inc. Common Stock $6,658,357 0.46% 30,198 $-511,323 Down ×4
PM Philip Morris International Inc Common Stock $4,811,557 0.33% 26,596 $337,719 Down ×4
KO Coca-Cola Company (The) Common Stock $4,532,012 0.31% 55,765 $28,416 Down ×2
ABT Abbott Laboratories Common Stock $4,457,661 0.31% 49,126 $-669,746 Down ×2
BRK-A (filed as BRKA) Berkshire Hathaway Inc. Class A $3,744,250 0.26% 5 $153,550
EPD Enterprise Products Partners L.P. Common Stock $3,401,403 0.23% 92,530 $-99,932
PH Parker-Hannifin Corporation Common Stock $3,174,153 0.22% 3,245 $149,891 Down ×4
VIG Vanguard Div Appreciation ETF $2,971,237 0.20% 12,557 $243,416 Down ×1
WMT Walmart Inc. - Common Stock $2,121,316 0.15% 18,730 $-292,153 Down ×4
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B $1,995,055 0.14% 3,987 $73,463 Down ×1
AFG American Financial Group, Inc. Common Stock $1,963,218 0.14% 14,029 $171,574
ORCL Oracle Corporation Common Stock $1,769,144 0.12% 12,072 $-99,586 Down ×2
SO Southern Company (The) Common Stock $1,728,523 0.12% 18,060 $-816,516 Down ×2
MLPX Global X Funds $1,726,738 0.12% 23,442 $-12,848 Down ×2
BX Blackstone Inc. Common Stock $1,539,712 0.11% 13,085 $75,314 Up ×2
BDX Becton, Dickinson and Company Common Stock $1,515,721 0.10% 10,016 $-102,333 Down ×4
KLAC KLA Corporation - Common Stock $1,430,105 0.10% 4,740 $670,341 Up ×1
NVDA NVIDIA Corporation - Common Stock $1,421,981 0.10% 7,107 $378,895 Up ×4
MS Morgan Stanley Common Stock $1,400,150 0.10% 6,698 $155,507 Down ×2
OGE OGE Energy Corp Common Stock $1,322,676 0.09% 27,182 $-302,545 Down ×5
TFC Truist Financial Corporation Common Stock $1,253,073 0.09% 25,152 $-146,070 Down ×6
AXP American Express Company Common Stock $1,234,951 0.08% 3,651 $130,597
VSCO Victorias Secret & Co. Common Stock $1,207,455 0.08% 14,464 $536,904
HSY The Hershey Company Common Stock $1,112,528 0.08% 6,341 $-268,277 Down ×5
UNH UnitedHealth Group Incorporated Common Stock (DE) $1,063,182 0.07% 2,558 $270,082 Down ×2
BAC Bank of America Corporation Common Stock $1,013,104 0.07% 17,780 $85,684 Down ×4
V Visa Inc. $941,620 0.06% 2,745 $-924 Down ×2
GOOGL Alphabet Inc. - Class A Common Stock $829,098 0.06% 2,320 $112,498 Down ×1
PPG PPG Industries, Inc. Common Stock $787,051 0.05% 6,489 $27,775 Down ×6
COST Costco Wholesale Corporation - Common Stock $762,408 0.05% 815 $-149,325 Down ×2
HCA HCA Healthcare, Inc. Common Stock $736,502 0.05% 1,889 $-162,181 Down ×2
ADP Automatic Data Processing, Inc. - Common Stock $713,953 0.05% 3,188 $21,922 Down ×2
GOOG Alphabet Inc. - Class C Capital Stock $696,767 0.05% 1,972 $94,074 Down ×1
SNA Snap-On Incorporated Common Stock $650,681 0.04% 1,617 $89,506 Up ×2
CPSS Consumer Portfolio Services, Inc. - Common Stock $630,794 0.04% 65,742 $66,442 Down ×2
IVV iShares Trust $617,834 0.04% 825 $78,936
NDAQ Nasdaq, Inc. - Common Stock $603,840 0.04% 7,661 $-118,574 Down ×3
LRCX Lam Research Corporation - Common Stock $595,829 0.04% 1,375 $346,915 Up ×1
SCHD SCHWAB STRATEGIC TRUST $580,479 0.04% 18,306 $-75,021 Down ×1
TPR Tapestry, Inc. Common Stock $573,224 0.04% 3,916 $20,637
NVS Novartis AG Common Stock $541,154 0.04% 3,453 $9,889 Down ×2
MA Mastercard Incorporated Common Stock $535,171 0.04% 1,042 $62,992 Up ×2
ITW Illinois Tool Works Inc. Common Stock $528,811 0.04% 1,955 $-43,347 Down ×6
ADM Archer-Daniels-Midland Company Common Stock $498,892 0.03% 6,530 $-239,130 Down ×2
ADI Analog Devices, Inc. - Common Stock $491,299 0.03% 1,237 $97,760
CAT Caterpillar, Inc. Common Stock $477,075 0.03% 448 $159,685
META Meta Platforms, Inc. - Class A Common Stock $469,784 0.03% 834 $-86,326 Down ×1

Conviction holdings

08

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

SecurityValue% of portfolioStreak
ABBV $45,036,514 3.10% up ×4
AMGN $37,768,754 2.60% up ×6
MSFT $35,693,289 2.46% up ×3
GILD $34,446,906 2.37% up ×3
PFE $32,231,875 2.22% up ×4
PEP $29,744,401 2.05% up ×6
VICI $28,930,951 1.99% up ×6
OKE $27,990,072 1.93% up ×3
CINF $27,699,721 1.91% up ×4
AUB $26,592,977 1.83% up ×4
WEC $25,628,913 1.76% up ×6
TGT $24,456,592 1.68% up ×6
ACN $23,713,660 1.63% up ×4
VZ $23,246,565 1.60% up ×4
MET $22,654,666 1.56% up ×4

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
KMB $340,287 3,100 0.02%
APH $273,472 1,551 0.02%
TSLA $219,133 521 0.02%
PANW $211,432 620 0.01%
TMC $44,300 10,000 0.00%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
DELL Trimmed -14K +$47.1M
STT Trimmed -2K +$12.2M
AVGO Trimmed -2K +$11.9M
ACN Bought more +14K -$11.2M
CINF Bought more +44K +$11.0M
WEC Bought more +81K +$9.6M
HD Bought more +22K +$8.4M
CVX Trimmed -2K -$7.4M
ABBV Bought more +2K +$6.5M
BIPC Bought more +165K +$6.1M

Exited positions

11

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarterShares beforeValue beforePrice since exit
LYB March 31, 2026 318,132 $13,775,126 -27.3%
PPH Sept. 30, 2025 131,320 $11,550,907 23.2%
IYT June 30, 2025 100,831 $6,456,209 17.0%
TPYP Dec. 31, 2025 47,176 $1,719,565 22.9%
FIS June 30, 2025 18,495 $1,381,207 -60.2%
UNH Sept. 30, 2025 2,576 $803,635 7.7%
TJX March 31, 2026 4,700 $721,967 -16.9%
XLV Dec. 31, 2025 5,172 $719,787 7.4%
SYY Dec. 31, 2025 7,552 $621,832 5.2%
KVUE June 30, 2026 33,254 $573,299 -10.0%
FG March 31, 2026 15,129 $466,729 -13.4%
SYK March 31, 2026 1,305 $458,668 -16.2%
CB March 31, 2026 1,467 $457,880 1.5%
DFS June 30, 2025 2,656 $453,379 No longer tracked
NOC March 31, 2026 780 $444,764 -29.9%
CL March 31, 2026 5,215 $412,089 -1.1%
DUK Sept. 30, 2025 3,475 $410,050 -7.8%
LIN March 31, 2026 940 $400,807 -3.3%
UNP March 31, 2026 1,525 $352,763 14.7%
HBAN March 31, 2026 19,497 $338,273 -2.0%
XRT March 31, 2026 3,605 $307,470 2.7%
FDS March 31, 2026 974 $282,645 22.6%
HESM March 31, 2026 7,776 $268,272 -2.9%
CFG Sept. 30, 2025 5,590 $250,153 21.0%
OMC June 30, 2025 3,000 $248,721 3.1%
ETN Dec. 31, 2025 650 $243,263 36.9%
DIVZ March 31, 2026 6,650 $241,800
TSLA March 31, 2026 536 $241,050 -0.3%
HON June 30, 2026 1,050 $237,332 -4.4%
WMB June 30, 2026 3,038 $221,106 -5.1%
GEV Dec. 31, 2025 349 $214,600 51.3%
LNG March 31, 2026 1,089 $211,691 -4.9%
UL (filed as ULXXXX) Dec. 31, 2025 3,555 $210,740 -8.7%
BF-B (filed as BFB) June 30, 2026 7,924 $209,511 No longer tracked
FDX June 30, 2025 840 $204,775 27.7%
KMI June 30, 2026 6,080 $203,868 -2.8%
UL March 31, 2026 3,111 $203,459 4.8%
FAST Sept. 30, 2025 4,839 $203,238 3.5%
OSCR March 31, 2026 10,149 $145,841 169.7%